U S Global Investors Inc. raised its stake in TripAdvisor, Inc. (NASDAQ:TRIP – Free Report) by 4.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,163,738 shares of the travel company’s stock after buying an additional 46,363 shares during the quarter. TripAdvisor accounts for approximately 1.8% of U S Global Investors Inc.’s holdings, making the stock its 18th biggest holding. U S Global Investors Inc.’s holdings in TripAdvisor were worth $15,187,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in TRIP. Tsfg LLC bought a new stake in TripAdvisor in the first quarter valued at $35,000. Smartleaf Asset Management LLC lifted its stake in TripAdvisor by 86.9% in the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock valued at $43,000 after buying an additional 1,420 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in TripAdvisor by 419.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock valued at $55,000 after buying an additional 3,144 shares during the last quarter. Quarry LP lifted its stake in TripAdvisor by 571.0% in the first quarter. Quarry LP now owns 5,697 shares of the travel company’s stock valued at $81,000 after buying an additional 4,848 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in TripAdvisor by 1,183.2% in the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after buying an additional 5,916 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.
TripAdvisor Price Performance
Shares of TripAdvisor stock opened at $14.91 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The company’s 50-day moving average price is $17.18 and its two-hundred day moving average price is $15.34. TripAdvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $20.16. The stock has a market cap of $1.73 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. DA Davidson set a $16.25 price objective on shares of TripAdvisor in a research note on Tuesday, July 8th. Wall Street Zen cut shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday. B. Riley lifted their price objective on shares of TripAdvisor from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. Bank of America assumed coverage on shares of TripAdvisor in a research note on Monday, July 14th. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, Mizuho assumed coverage on shares of TripAdvisor in a research note on Tuesday, September 30th. They set an “underperform” rating and a $14.00 price objective on the stock. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, TripAdvisor currently has a consensus rating of “Reduce” and an average price target of $17.03.
View Our Latest Research Report on TripAdvisor
Insider Buying and Selling
In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $20.04, for a total value of $218,035.20. Following the sale, the insider directly owned 136,914 shares in the company, valued at approximately $2,743,756.56. The trade was a 7.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.
TripAdvisor Profile
TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.
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